United States basketball star LeBron James has become a minority stakeholder in Liverpool after signing a representation deal with club owners Fenway Sports Group.
LeBron signed an exclusive representation rights agreement deal with FSM. Since this is a first time FSM is dealing with representing individual pro-athletes, they had to give him some form of guarantee in case the partnership turns sour. Thus they gave him a minority stake within the LFC shares.
It's not LeBron investing money into Liverpool FC. He didn't suddenly wake up one morning and decide to help LFC. It's LeBron being given a part of Liverpool FC for the duration of his personal deal with FSM, as a kind of mortgage.
Misleading title.
LeBron signed an exclusive representation rights agreement deal with FSM. Since this is a first time FSM is dealing with representing individual pro-athletes, they had to give him some form of guarantee in case the partnership turns sour. Thus they gave him a minority stake within the LFC shares.
It's not LeBron investing money into Liverpool FC. He didn't suddenly wake up one morning and decide to help LFC. It's LeBron being given a part of Liverpool FC for the duration of his personal deal with FSM, as a kind of mortgage.
Ya, I think he only joins as a stakeholder.
James has done dome research. Good on him